$BTC
Bitcoin OG (10/11) Sends $8M ETH to Binance, Cuts Losses đł
Just minutes ago, the Bitcoin OG (10/11) deposited 3,183 $ETH â worth approximately $8.04M â into Binance, signaling potential further distribution ahead.
On derivatives data, the OG has closed part of its long position, realizing a loss of $14.08M, after previously scaling aggressively into leverage during the drawdown.
Despite trimming exposure, the wallet still holds a massive portfolio across assets, including ,$BTC , and $SOL , and is currently sitting on a floating loss of around $135M.
The fresh Binance deposit strongly suggests more ETH may be sent to exchanges, increasing short-term sell pressure risk from this closely watched OG wallet.
Is this controlled de-risking⊠or the start of a larger unwind from one of the most aggressive OG traders this cycle?
